Howmet Aerospace Inc. — Director's Dealing 2017

Jan 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arconic Inc. (ARNC)
CIK: 0000004281
Period of Report: 2017-01-13

Reporting Person: MYERS TIMOTHY DONALD (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-13	Common Stock	A	1877	—	Acquired	30362	Direct
2017-01-13	Common Stock	A	1480	—	Acquired	31842	Direct
2017-01-13	Common Stock	A	2867	—	Acquired	34709	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-13	Employee Stock Option (right to buy)	$21.13	A	36430	Acquired	2027-01-13	Common Stock (36430)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8494	Indirect

Footnotes

F1: On October 5, 2016, the Issuer effected a 1-for-3 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.

F2: On November 1, 2016, the Issuer completed the separation of its business into two independent, publicly-traded companies (the "Separation"): the Issuer and Alcoa Corporation. In connection with the Separation, and pursuant to the terms of an Employee Matters Agreement dated October 31, 2016, by and between the Issuer and Alcoa Corporation (the "Employee Matters Agreement"), all equity awards held by the reporting person with respect to the Issuer's common stock were adjusted in a manner intended to preserve the aggregate intrinsic value of the original award. The amount of securities reported on this Form 4 reflect the aforementioned adjustment.

F3: The amount of securities reported herein have been adjusted to reflect (i) the Reverse Stock Split and (ii) the post-Separation treatment of Issuer stock fund units as contemplated by the Employee Matters Agreement.

F4: The option vests in three equal annual installments beginning January 13, 2018.

F5: Employee stock options are granted without payment of consideration.